If Bitcoinica's business model was viable, why shut it down? Why not fix the security problem and use the business profits to replace the stolen funds?
Bitcoinica will come back after a complete rewrite and all claims are processed.
It would be nice if there would be more progress in processing payouts. I made my claim about 4 weeks ago when I understood there will no normal login and withdrawing my btc-ammount after a restart of bitcoinica... this was when i read that the database was lost without the possibility to restore it from any backups.
2012-05-11 bitcoinica. stated at it's homepage that the thief stole from bitcoinica not from any user at all and that all withdrawal requests will be honoured...
If this statement ist true, I assume that all claims should be paid out even if it's not possible to verify them more than to check if they had an account at all... fraudulent claims should be the risk of the owners... If i remeber right then at one statement at this thread there was told that all claims together had an ammunt of 125% of the original holdings in bitcoin before the hack... not too much penatly for a poor security-concept in my opinions...